“The financing flexibility provided by our agreement with CSC puts us in an advantageous position to improve shareholder value as we move forward on the next phase of our growth strategy,” stated Charles Allen, chief executive officer of BTCS. “While specific terms of the facility will be determined as we add new equipment, such as Spondoolies-Tech’s next-generation SP50 transaction verification servers, we anticipate we will now be able to grow operations with a lower cost of capital while limiting equity dilution.”

“We’re pleased to partner with BTCS as it begins to scale up its transaction verification services operations. Operating leases are increasingly becoming the preferred procurement path for users of IT equipment, and our solutions enable companies like BTCS to preserve cash flow, lower costs, and accelerate technology upgrades.”

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